Dalal Street

The photo on your left is that of a less media savvy Dare Devil promoter of JP Associates – Founder and Chairman – Jaiprakash Gaur. Before you read into the research of JP Hydro and Associates, we recommend you to read the confidence Gaur family had in their company and projects they were executing as they pumped in INR 2,000 Cr into the company at a share value of whopping Rs 397 / share when the market Price was mere Rs 80. All other corporate big names like Kumar Birla canceled preferential allotment in 2008 as the stock price at taken a beating. (more…)

TCS reported volume growth of ~5% and margin expansion of ~150bps qoq. Revenues at $1,538m (CIRA: $1,508m) and margins at 28.7% (CIRA: 27.2%) were significantly better. Net profit at Rs16.2b increased ~7% sequentially. BFSI, Retail and Utilities did well while Telecom, Manufacturing and Hi-tech seem to be bottoming out, according to the management. (more…)

Sarda Energy and Minerals Ltd. (SEML), promoted by Kamal Sarda, is a steel producer located in Chattisgarh with backward integration in iron ore mining, coal mining, pelletisation and captive power and a sizeable exposure to ferro alloys. The business model is on the cusp of a major structural change (more…)